Bombay HC quashed the reopening which was made within 4 years on the same issue which was examined during 143(3) proceedings
Bombay HC quashed the reopening which was made within 4 years on the same issue which was examined during 143(3)…
IT Judgement
Scholarship By Hamdard Foundation, Exemption Under Income Tax Act Can’t Be Denied: Delhi HC
Scholarship By Hamdard Foundation, Exemption Under Income Tax Act Can’t Be Denied: Delhi HC Hamdard National Foundation (India) (ITA 117/2021;…
Deduction towards Expenditure on freebies to medical professionals & violation of Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002
Deduction towards Expenditure on freebies to medical professionals & violation of Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations,…
Outstanding payables in the books of accounts & it’s Taxation
Outstanding payables in the books of accounts & it’s Taxation Short Overview As regards outstanding payables in assessee’s books, AO…
Acceptance and repayment of cash for personal purpose between near relatives and penalty under section 271D & 271E
Acceptance and repayment of cash for personal purpose between near relatives and penalty under section 271D & 271E Short Overview…
Contract Farming – Whether Agricultural income?
Contract Farming – Whether Agricultural income? Short Overview Income from contract farming done by assessee cannot be treated as agricultural…
Can a person earn Agricultural income without agricultural Land: An issue before Chandigarh ITAT
Can a person earn Agricultural income without agricultural Land: An issue before Chandigarh ITAT Short Overview Where assessee claimed income from…
CIT – Appeal has the jurisdiction to entertain additional claims made before them
CIT – Appeal has the jurisdiction to entertain additional claims made before them Short Overview The claim for deduction under…
Validity of Cancellation of GST for the reason that purchasing dealer and selling dealer acted in connivance to fraud revenue
Validity of Cancellation of GST for the reason that purchasing dealer and selling dealer acted in connivance to fraud revenue…
ITC/ GST/ Service Tax paid out of pocket is an item of expenses deductible under section 37(1)
ITC/ GST/ Service Tax paid out of pocket is an item of expenses deductible under section 37(1) Short Overview When input service…
Non filing of return of income under section 139(1) & validity of refusal of deduction under section 80-IC
Non filing of return of income under section 139(1) & validity of refusal of deduction under section 80-IC Short Overview As per…
Once bogus purchases had gone into profit and loss account, and sales were not doubted, only option left with AO is to make addition of gross profit embedded in bogus purchases
Once bogus purchases had gone into profit and loss account, and sales were not doubted, only option left with AO…
If there are multiple basket & multiple option of the market rates are available then option which is most favourable to assessee needs to be adopted for determining inter-unit transfer price u/s 80-IA(8)
If there are multiple basket & multiple option of the market rates are available then option which is most favourable…
GST: Cost of diesel incurred for running DG Set in the course of providing DG Rental Service is nothing but additional consideration for the supply of DG Set on rent
GST: Cost of diesel incurred for running DG Set in the course of providing DG Rental Service is nothing but…
Valdiity of Notice if there is No new material with AO to justify reopening of a concluded assessment beyond period of 4 years
Valdiity of Notice if there is No new material with AO to justify reopening of a concluded assessment beyond period…
Merely because the builder failed to hand over possession of the flat to the assessee within prescribed time, the assessee cannot be denied the benefit of capital gain exemption
Merely because the builder failed to hand over possession of the flat to the assessee within prescribed time, the assessee…
Capital gain exemption if the Assessee invested entire amount of LTCG in purchase of new residential property but her share in the property was only 34%
Capital gain exemption if the Assessee invested entire amount of LTCG in purchase of new residential property but her share…
Insurance Agent deposited cash received from clients in his bank accounts to make the payment of premiums of client: Validity of Addition under section 69A
Insurance Agent deposited cash received from clients in his bank accounts to make the payment of premiums of client: Validity…
